USD/CHF Technical Analysis: 0.9990-85 becomes an immediate concern for sellers

• USD/CHF trades near 1.0010 during early Friday.
• The pair’s failure to surpass a weeklong descending resistance-line favors its drop to 0.9990-85 horizontal-support.
• Should sellers refrain to respect the 0.9985 support, 38.2% Fibonacci retracement of its early 2019 upside, at 0.9950, can offer intermediate halt during the slump targeting 0.9905 level comprising 50% Fibonacci.
• If at all prices decline past-0.9905, 0.9845 and 0.9800 should become bears’ favorites.
• On the contrary, the pair’s ability to cross 1.0020 resistance-line could trigger its pullback towards 1.0040 and 1.0075.
• Given the bulls dominate after 1.0075, 1.0100 is a crucial resistance to watch as it holds the gate for the pair’s rise to 61.8% Fibonacci expansion (FE) level of mid-January to February moves, at 1.0120, followed by 1.0150 and 1.0180 levels.

USD/CHF 4-Hour chart